Berkeley Group Holdings (The) PLC Directorate Change (3580D)
21 Junio 2023 - 1:00AM
UK Regulatory
TIDMBKG
RNS Number : 3580D
Berkeley Group Holdings (The) PLC
21 June 2023
21 June 2023
THE BERKELEY GROUP HOLDINGS PLC
("Berkeley" or the "Company")
DIRECTORATE CHANGES
Berkeley announces that Sir John Armitt, Diana Brightmore-Armour
and Andy Myers will step down from the Board and retire as
Non-executive Directors of the Company at the conclusion of the
Company's 2023 Annual General Meeting on 8 September 2023 ("2023
AGM"), each having passed nine years' service on the Board, in line
with best corporate governance practice.
The Company has decided to take this opportunity to streamline
the Board by reducing its size and so will not be replacing the
departing Non-executive Directors. In addition, three Executive
Directors, Justin Tibaldi, Paul Vallone and Karl Whiteman will also
step down from the Board of The Berkeley Group Holdings plc at the
end of the 2023 AGM, ensuring compliance with all aspects of Board
composition under the UK Corporate Governance Code and Listing Rule
9.8.6R(9)(a). They will remain in their current operational roles
and members of the Board of the Company's immediate subsidiary, The
Berkeley Group plc, with Rob Perrins and Richard Stearn, the
Group's CEO and CFO.
The retirements of the Non-executive Directors will result in
the following changes to Board and Committee composition, to take
effect from the conclusion of the 2023 AGM: Rachel Downey will
replace Diana Brightmore-Armour as Senior Independent Director;
Andy Kemp will replace Andy Myers as Chairman of the Audit
Committee; Natasha Adams will replace Andy Kemp as Chair of the
Remuneration Committee; William Jackson will join the Remuneration
Committee; and Natasha Adams and Andy Kemp will join the Nomination
Committee.
Following these changes, the Board will comprise an independent
Non-executive Chairman, two Executive Directors and six
Non-executive Directors. The Board size will therefore be reduced
from fifteen to nine.
Michael Dobson, Chairman said:
"I would like to thank Sir John Armitt, Diana Brightmore-Armour
and Andy Myers for their outstanding service to Berkeley over their
tenure as Non-executive Directors. The Board has benefited greatly
from their individual expertise and judgment and they leave with
our best wishes.
I would like to pay tribute to Justin Tibaldi, Paul Vallone and
Karl Whiteman for their significant contributions to the Board.
They will remain key members of the Group's senior leadership team
with Rob and Richard and their importance to Berkeley, internally
and externally, will not change. I look forward to continuing to
work with them over the years to come."
Ann Dibben
Company Secretary
The Berkeley Group Holdings plc
Enquiries:
Tim Robertson
Novella Communications
Tel: 020 3151 7008
LEI: 2138009OQSSLVVHQAL78
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END
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